On the front of the moratorium, great relief is possible for the banks. The 6-month Moratorium of RBI is ending today.
Talking about the strategy on the Nifty, Virender Kumar of CNBC-Awaaz said that its registration zone is 11740, 11750. The larger registration zone is 11800, 11823. The base zone is 11580, 11610. The larger base zone is 11500, 11550. There is no shortage of cash in the market. Indicators are still strong. Hold Friday’s long position. Continue shopping, 11790, 11810 level is also possible. The data of 11800 is quite clear in this weekly contract.
On Nifty Bank, Virender Kumar said that its registration zone is 24780, 24820. The larger registration zone is 25000, 25050. The base zone is 24200, 24240. The larger base zone is 23925,24000. 24000, 23925 200 DEMA zone, is the largest base. Keep a shopping strategy, book a long deal at 25,000. According to options and technical, the zone of 25300 to 25500 is also open now.
Reliance became big market, food market
Big Bazaar, Food Bazaar has now become Reliance. Reliance has bought the retail and FBB businesses of Future Group for Rs 24,713 crore. After this deal, Isha Ambani, director of Reliance Retail, said that this transaction will benefit consumers from the Future Group’s brands and products.
Future shareholders benefit from Reliance deal
The Reliance deal will benefit investors of the Futures Group. According to the swap ratio of this deal, shareholders of Future Consumer, Future Lifestyle Fashion, Future Supply Chain, Future Retail and Future Market Network will get a premium of 36 to 75%.
Banks benefit from RIL-Future deal
Banks will see a strong boom today. The Reliance-Future Group deal has led to a lottery of banks. Many banks including Bank of India, Axis Bank, Bank of Baroda have survived the sinking of Rs 16,000 crore.
RBI’s Moratorium is ending today
On the front of the moratorium, great relief is possible for the banks. The 6-month Moratorium of RBI is ending today. The probability of it moving forward is negligible.
Today’s storm can be seen in retail companies
Retail companies can see stormy rise today. The guidelines of UNLOCK 4 have been released. All activities outside the Containment Zone will be removed. Travel and transport will not be banned in the states. Metro Rail service will start from 7 September.
Dinesh Khara will be the new chairman of SBI Dinesh Khara will be the new chairman of
SBI. The Bank Board Bureau has recommended his name. The term of the current chairman Rajneesh Kumar will end on October 7.
BANK / NBFCs
On September 3, FM has a meeting with banks, NBFCs. A review of COVID-related stress and necessary steps will be discussed in FM, Loans.
TUBE INVESTMENT / CG POWER
Tube Investments will invest 56.61 per cent majority in CG Power by investing 700 cr.
INDIABULLS will raise 590 Cr through VENTURES preferential issue. The company will issue 3.36 Cr shares to 6 foreign investors at a price of Rs 175 per share.
There will be a board meeting on September 4, after the 3 Arms are merged with the ITC. Sunrise Foods, Hobbits Intl, will consider merging Sunrise Sheetgrah into ITC.
The board has approved raising capital up to ₹ 4,500 Cr.
On 2 September the board will consider raising up to 150 Cr.
There are great signs from global markets. Asian markets are seeing strength. SGX Nifty is trading up. On Friday, S&P rose for the sixth consecutive day. The Dow Jones also saw a jump of 160 points. On the other hand, there is a continuing weakness in the dollar.
Corona’s furore continues in the world. So far, more than 251 million cases of corona have been found in the world. So far, 8.5 lakh people have died in the world. On the other hand, there have been record cases in India in one day. About 79000 new cases were received yesterday. A total of 35.4 lakh corona cases have been found so far in the country. So far, about 64000 people have died from Corona.
Keep an eye on these events
Today India’s Q1FY21 GDP figures will come.
BHARTI INFRATEL Indus Towers will be decided on the merger.
SRF will consider raising funds through NCD / QIP.
The Welspun Corp board will decide on fund raising.
Results to come today
NHPC / PRICOL / ARVIND / DREDGING CORP